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0.000506175557656458 0.000830494864854326 -0.00146348412832048 -0.00464731759332408 -0.00167933724459187 0.000506175557656458 -0.00432353791891706 -0.00537582186074029
Stock impact report

US natgas producers chase AI-driven surge in power demand to weather low prices [Yahoo! Finance]

Diamondback Energy, Inc. (FANG) 
Last diamondback energy, inc. earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Company Research Source: Yahoo! Finance
power a boom in AI applications, aiming to ease the pressure from a nearly two-year slump in the prices of the commodity. Devon Energy, Expand Energy, Diamondback Energy, and Permian Resources have highlighted the potential for AI and data centers to drive gas demand and said they were in initial discussions with many operators. U.S. data centers' energy needs could boost gas demand by between 3 billion and 6 billion cubic feet per day (bcfd), according to S&P Global Ratings estimates. The agency expects U.S. data center power demand to increase 12% annually until the end of 2030. "Expectation of a step change in power demand has created opportunities for increasing dialogue around the potential for power generation and data projects within the Permian Basin" of West Texas and New Mexico, Permian Resources co-CEO James Walter said earlier this month. The abundant and low-cost gas, vast surface area, supportive regulatory environment, and long-dated inventory, could make the re Show less Read more
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